Tether announces that it will issue a stablecoin pegged to the UAE dirham on the TON chain
Alessandro Giori, the Senior Strategy Officer at Tether, announced at the TON Gateway event in Dubai that they will issue a stablecoin pegged to the United Arab Emirates dirham on the TON blockchain. The stablecoin project is a collaboration between Tether, UAE-based Phoenix Group, and Green Acorn Investments, and will be fully backed by local liquidity assets in the UAE. Additionally, Giori also announced that USDT on the TON chain will be integrated into the digital asset platform Fireblocks.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
ChatGPT Says XRP Will Trade At This Price By January 31, 2025
Elon Musk’s Grok Says Cardano (ADA) Will Trade At This Price On January 31, 2025
BlockDAG’s Refer & Earn Program: Unlimited USDT Cashbacks for $30 Purchases! Explore TON & AVAX Prices Trends
Cosmos, Cardano, and Litecoin Poised for Explosive Moves in January